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28-30 Margaret Street

Raymond Gosselin Facilitates $1.26M Multifamily Sale In Arlington, MA
SOLDMultiFamily

Raymond Gosselin Facilitates $1.26M Multifamily Sale In Arlington, MA

28-30 Margaret Street

$1,260,000

$523/SF

Building Size

2,409 SF

Asset Type

MultiFamily

Closing

Apr 24, 2024

AI

28-30 Margaret St in Arlington, MA, was sold for $1.26 million. The property offers 4 beds, 2 baths, and spans 2,409 sq ft. It is conveniently located near schools, parks, and the Minuteman Commuter Bike Path, with easy access to Alewife Red Line and Arlington Center.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,260,000
  • Units: 2
  • Price Per Unit: $630,000
  • Square Footage: 2,409
  • Price Per Square Foot: $523
  • Address: 28-30 Margaret Street
  • Market: Arlington, MA

The Moving Greater Boston Team from Berkshire Hathaway Homeservices Warren Residential represented the buyer in this transaction, while Raymond Gosselin from Churchill Properties represented the seller.

Players

Raymond Gosselin

Churchill Properties

Broker

$1.3M

vol

1 deal

Broker

Arlington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93